Bloomberg Virgin Australia is offering a raft of discounts and extra air miles to business customers, traditionally a stronghold of Qantas Airways Ltd, as part of a longer-term bid to lock in one third of the domestic air-travel market. The Bain Capital-owned airline rolled out a loyalty program specifically targeting Australian businesses. New members can get cheaper fares, and …

  Bloomberg Vietnam police detained the aide to Bamboo Airways former Chairman Trinh Van Quyet as part of a widening probe in alleged stock manipulation at real estate developer FLC Group, which he founded. FLC accountant Trinh Thi Minh Hue, reportedly Quyet’s sister, will be detained for three months, the public security ministry said. Police detained Quyet as part of …

  Bloomberg Citigroup Inc is underwriting a $1.2 billion bond sale for the Dallas Fort Worth International Airport, the largest deal it has managed since reentering the Texas municipal-bond market after being temporarily sidelined last year over the bank’s firearms policy. The transaction would be a major win for the bank’s public finance business, which has seen its standing in …

Bloomberg WM Morrison Supermarkets warned that a deterioration in the geopolitical environment in Europe, rising inflation and waning consumer sentiment could hurt its sales and profit this year. Britain’s fourth largest grocer, recently acquired by US private equity group Clayton Dubilier & Rice LLC, said “increasing inflationary pressure” has affected the wider grocery market and its own performance since February, …

  Bloomberg Airbus SE is weighing a further delay in its production plan for A350 widebody jets after sanctions on Russia weakened the outlook for deliveries, according to people familiar with the matter. A goal of building six A350s a month by early 2023, which had been reiterated as recently as February, may now slide to the end of that …

  Bloomberg The Reserve Bank of Australia (RBA) is under pressure to begin tightening monetary policy in as little as two months as a strengthening economy together with pre-election budget spending fuels inflation concerns. A number of economists have either brought forward their call for the first interest-rate rise or are highlighting risks from Governor Philip Lowe turning hawkish following …

  Bloomberg Citigroup Inc is among underwriters that have temporarily paused initial public offerings of new US special purpose acquisition companies until they get more clarity on the potential legal risks posed by recently proposed rules, according to people with knowledge of the matter. The New York-based bank is awaiting feedback from legal advisers regarding underwriter liability among other topics, …

  Bloomberg Alibaba Group Holding Ltd and Didi Global Inc rallied for a second day, adding $93 billion in value to US listed Chinese stocks as fears of potential delistings eased. The Nasdaq Golden Dragon China Index jumped 7.4%, adding to the climb after Beijing regulators published revised draft rules scrapping requirements that on-site inspections should be mainly conducted by …

  Bloomberg European stocks advanced and US equity futures were steady on Tuesday while oil gained as investors evaluated the prospect of tougher sanctions against Russia. Bonds retreated amid deepening concern about inflation and the policy response. The Stoxx Europe 600 index edged higher. The energy sector outperformed, with Vestas Wind Systems leading gains for renewable-energy companies amid an uncertain …

  Bloomberg India’s biggest mortgage lender agreed to buy one of the country’s most valuable banks to create an almost $190-billion behemoth to ride a boom in home loans and consumer spending in the world’s fastest-growing major economy. Housing Development Finance Corp., which issues mortgages to more than half the home buyers in a country of 1.4 billion people, will …